[LemonLime]

...with a foreclosure and bankruptcy on my credit report? I have around 12,000 for a down payment but Im currently unemployed and living on unemployment. What are the chances if I get a job this year and put down the money I have for a house (lets says between $75,000-$110,000) that I would get approved for a mortgage with a bankruptcy and foreclosure on my report that is almost 7 years old?

[Sorrow Like Smiles]

Since the rules have recently changed. I believe you have to have over two years experience at a job just to be considered for a mortgage loan. Other than that, you should be in the clear since your bankruptcy and foreclosure is pretty old. However, I am not totally sure on that. The job would be your biggest obstacle to clear.

[groomer2@rogers.com]

If you have 25% down payment and a job when you apply for your mortgage you will not have a big problem getting a mortgage.

[loanmod]

I think you should consult loan modification attorney.

[danielhey31]

Credit scores determined by the average of 634 loans can be obtained. I am a mortgage lender known to the bank, I do not know anyone there does100% said the amount of loan credit score? I declared income, 95% LTV with 680 credit score and 100% LTV with 700 credit score is pretty standard in all areas.